Headlines about Blackstone Group (NYSE:BX) have been trending somewhat positive recently, Accern reports. The research group rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Blackstone Group earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news articles about the asset manager an impact score of 47.4800662346025 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern’s rankings:
- How Blackstone Turned India Into Its Most Profitable Market – Bloomberg (bloomberg.com)
- How Blackstone Made India Its Most Profitable Market (finance.yahoo.com)
- Blackstone Group Says India is Top-Performing in the Market Globally (finance.yahoo.com)
- Short-Term Trade Secrets – The Blackstone Group LP (NYSE: BX) – Alpha Beta Stock (alphabetastock.com)
A number of equities research analysts have weighed in on BX shares. Keefe, Bruyette & Woods restated a “buy” rating and issued a $42.00 target price on shares of Blackstone Group in a research report on Thursday, February 1st. Vetr downgraded Blackstone Group from a “strong-buy” rating to a “buy” rating and set a $35.50 target price for the company. in a research report on Monday, November 20th. Credit Suisse Group restated a “buy” rating and issued a $47.00 target price on shares of Blackstone Group in a research report on Thursday, January 11th. JPMorgan Chase & Co. downgraded Blackstone Group from an “overweight” rating to a “hold” rating in a research report on Tuesday, February 6th. Finally, Zacks Investment Research downgraded Blackstone Group from a “hold” rating to a “sell” rating in a research report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Blackstone Group presently has a consensus rating of “Buy” and an average price target of $39.90.
Blackstone Group (NYSE:BX) last announced its quarterly earnings data on Thursday, February 1st. The asset manager reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.04. Blackstone Group had a return on equity of 22.27% and a net margin of 20.66%. The company had revenue of $1.88 billion during the quarter, compared to the consensus estimate of $1.73 billion. During the same quarter in the prior year, the firm earned $0.68 EPS. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. research analysts expect that Blackstone Group will post 3.11 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Monday, February 12th were given a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a dividend yield of 9.88%. The ex-dividend date of this dividend was Friday, February 9th. This is an increase from Blackstone Group’s previous quarterly dividend of $0.44. Blackstone Group’s dividend payout ratio is 96.05%.
In other news, insider John G. Finley sold 22,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $34.15, for a total transaction of $751,300.00. Following the completion of the sale, the insider now owns 133,003 shares in the company, valued at approximately $4,542,052.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider John G. Finley sold 800 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $32.00, for a total transaction of $25,600.00. Following the sale, the insider now directly owns 87,852 shares in the company, valued at $2,811,264. The disclosure for this sale can be found here. Insiders have sold a total of 639,763 shares of company stock valued at $21,985,486 in the last quarter. Insiders own 1.00% of the company’s stock.
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Blackstone Group Company Profile
The Blackstone Group L.P. is a global alternative asset manager. The Company’s alternative asset management businesses include investment vehicles focused on private equity, non-investment grade credit, secondary private equity funds of funds and multi-asset class strategies. It operates through four segments: Private Equity, Real Estate, Hedge Fund Solutions and Credit.
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